Needham & Company LLC reissued their buy rating on shares of Thryv (NASDAQ:THRY – Free Report) in a research report report published on Friday, Benzinga reports. The firm currently has a $28.00 price target on the stock.
Thryv Price Performance
THRY opened at $17.02 on Friday. The firm has a market cap of $609.83 million, a P/E ratio of -2.26 and a beta of 0.83. The firm has a 50-day moving average of $18.76 and a 200 day moving average of $20.62. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.15 and a current ratio of 1.14. Thryv has a fifty-two week low of $15.82 and a fifty-two week high of $26.42.
Thryv (NASDAQ:THRY – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.30). The company had revenue of $224.08 million for the quarter, compared to the consensus estimate of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. Thryv’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. On average, research analysts expect that Thryv will post 0.25 EPS for the current year.
Insider Transactions at Thryv
Institutional Investors Weigh In On Thryv
Institutional investors and hedge funds have recently bought and sold shares of the stock. SageView Advisory Group LLC purchased a new position in shares of Thryv during the first quarter worth approximately $54,000. Lazard Asset Management LLC purchased a new position in shares of Thryv during the first quarter worth approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Thryv by 78.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock worth $134,000 after acquiring an additional 3,303 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Thryv by 64.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock worth $176,000 after acquiring an additional 3,398 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Thryv during the fourth quarter worth approximately $271,000. 96.38% of the stock is owned by hedge funds and other institutional investors.
About Thryv
Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.
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